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Will Investors Now Sell RenaissanceRe (NYSE:RNR) Stock Following Today’s, Citigroup Downgrades?

Investors sentiment increased to 1.18 in Q2 2018. Its up 0.28, from 0.9 in 2018Q1. It increased, as 26 investors sold RenaissanceRe Holdings Ltd. shares while 77 reduced holdings. 36 funds opened positions while 86 raised stakes. 37.03 million shares or 1.73% less from 37.68 million shares in 2018Q1 were reported.

Signaturefd Lc stated it has 0% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Sei accumulated 123,249 shares. Victory Capital has 712,170 shares for 0.18% of their portfolio. Millennium Mngmt Ltd Liability Company reported 99,898 shares. Putnam Llc holds 0.01% or 30,994 shares. Barclays Pcl has 0% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 32,445 shares. 66,016 were accumulated by State Of Wisconsin Board. Virginia Retirement Et Al reported 0.34% stake. 32,075 are owned by Citigroup. 193 are owned by Shine Inv Advisory Svcs Incorporated. Principal Fincl Grp accumulated 178,121 shares or 0.02% of the stock. Natixis stated it has 1,889 shares. Texas Permanent School Fund reported 0.04% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Dekabank Deutsche Girozentrale holds 0% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 2,059 shares. Citadel Advsr Ltd Llc stated it has 85,238 shares or 0.01% of all its holdings.

Since May 29, 2018, it had 0 insider buys, and 1 insider sale for $289,853 activity.

RenaissanceRe (NYSE:RNR) Receives a Downgrade

Shares of RenaissanceRe (NYSE:RNR) were decreased to a “Neutral” by expert analysts at Citigroup. RNR’s rating of a “Buy” has been discontinued.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Coverage

Among 5 analysts covering RenaissanceRe Holdings (NYSE:RNR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. RenaissanceRe Holdings has $161 highest and $125 lowest target. $142.25’s average target is 13.55% above currents $125.28 stock price. RenaissanceRe Holdings had 8 analyst reports since June 18, 2018 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Market Perform” on Thursday, November 1. As per Wednesday, October 3, the company rating was maintained by Buckingham Research. The firm earned “Buy” rating on Wednesday, November 7 by Deutsche Bank. The rating was maintained by Citigroup with “Buy” on Friday, October 12. The company was maintained on Thursday, August 2 by Citigroup. Citigroup maintained the shares of RNR in report on Monday, October 22 with “Buy” rating. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has “Buy” rating given on Thursday, July 12 by Citigroup.

The stock decreased 3.05% or $3.94 during the last trading session, reaching $125.28. About 211,255 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has declined 6.58% since November 9, 2017 and is downtrending. It has underperformed by 22.20% the S&P500.

RenaissanceRe Holdings Ltd. together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. The company has market cap of $5.05 billion. The firm operates through Property, and Casualty and Specialty divisions. It currently has negative earnings. The Property segment writes property catastrophe excess of loss reinsurance contracts to insure insurance and reinsurance companies against natural and man-made catastrophes, such as earthquakes, hurricanes, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, including proportional reinsurance, property per risk, property reinsurance, and binding facilities and regional U.S. multi-line reinsurance.

More important recent RenaissanceRe Holdings Ltd. (NYSE:RNR) news were published by: Seekingalpha.com which released: “RenaissanceRe Holdings to buy Tokio Millennium Re in $1.5B deal” on October 30, 2018, also 247Wallst.com published article titled: “Top Analyst Upgrades and Downgrades: ADM, Broadcom, CDK, Comcast, Ctrip, DaVita, Lowe’s, Monster Beverage …”, Livetradingnews.com published: “The Street’s Key Stock Analysts Research Reports” on November 08, 2018. More interesting news about RenaissanceRe Holdings Ltd. (NYSE:RNR) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For November 7, 2018” with publication date: November 07, 2018.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Chart

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